PPL, AOI, PMT, OBE & AAV: 5 TSX stocks to see amid Russia-Ukraine crisis

Highlights

• Investors’ concerns about the rising tensions between Russia and Ukraine have taken a turn for the worse with Russian President Vladimir Putin launching an operation to invade Ukraine.
• Brent prices, for one, broke the US$ 100-mark on Thursday following the announcement of the Russia-led military operation, while the West Texas Intermediate (WTI) crude oil price also headed in the same direction.

• An energy stock listed below galloped by over 590 per cent in the past one year.

Investors’ concerns about the rising tensions between Russia and Ukraine have taken a turn for the worse with Russian President Vladimir Putin launching an operation to invade Ukraine.

Brent prices, for one, broke the US$ 100-mark on Thursday following the announcement of the Russia-led military operation, while the West Texas Intermediate (WTI) crude oil price also headed in the same direction.

Amid this crisis, here are some TSX stocks that you can turn to.

1.    Advantage Energy Ltd (TSX:AAV)

Advantage Energy doubled its sales to C$ 110.34 million in Q3 FY2021 compared to C$ 55.76 million a year ago. Its third-quarter net profit amounted to C$ 43.09 million against a loss of C$ 21.6 million in Q3 2020.

Stocks of Advantage Energy have galloped by some 150 per cent a year. 

The C$ 1.2-billion market cap natural gas supplier saw its stock jump by approximately nine per cent to close at C$ 6.61 apiece on Wednesday, February 23.

2.    Obsidian Energy Ltd (TSX:OBE)

Obsidian Energy has said that according to an independent evaluation conducted by Sproule Associates, its total reserve values increased by over 50 per cent, with total proved and probable reserves reaching C$ 1.8 billion in value, as of December 31, 2021.

The oil and gas company saw its stock close at C$ 10.70 apiece on Wednesday, i.e., an increase of more than 590 per cent year-over-year (YoY).

Also read: Why is Tilray (TSX:TLRY) stock falling despite rapid expansion?

 3.    Perpetual Energy Inc (TSX:PMT)

Perpetual Energy saw a net profit of C$ 51.14 million in Q3 FY2021 compared to a net loss of C$ 7.49 million a year ago.

The oil and gas stock rocketed by over 335 per cent since February 23, 2021, when it was priced C$ 0.17 apiece.

The energy stock closed at C$ 0.74 per share this Wednesday.

4.    Africa Oil Corp (TSX:AOI)

Stocks of Africa Oil climbed approximately 18 per cent in a day on February 23 to close at C$ 2.68 apiece. AOI stock soared by over 123 per cent in nine months.

Africa Oil Corp is expected to release its fourth-quarter results for fiscal 2021 on February 28.

  5.    Pembina Pipeline Corporation (TSX:PPL)

Pembina Pipeline Corporation is a midstream energy company that operates in North America. It pays a dividend, currently 0.21 apiece, to its shareholders every month.

Stocks of Pembina Pipeline spiked by about 20 per cent in the last 12 months. PPL stock closed at C$ 41.88 on February 23.

Also read: Indonesia Energy (INDO) stock ballooned 44% in a day! Why?

 Bottomline 

Inflated crude oil and gas prices can impact the earnings of oil and gas companies. However, investors should consider all the aspects and factors that can influence oil and gas businesses before investing.

Please note, the above content constitutes a very preliminary observation based on the industry, and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.